tomo logo

$2,099,000

Beds
7
Baths
6.0
sq ft
3,810

5857 Fulton Ave, Van Nuys, CA 91401

5857 Fulton Ave

Van Nuys, CA 91401

  • 130 days on market
    • Price drop $100,000↓
BACK ON THE MARKET! BUYER FAILED TO PERFORM! Welcome to 5857 Fulton Ave, a stunningly renovated property located in the heart of Van Nuys. This exquisite home has been meticulously updated with high-end finishes, offering modern luxury and comfort. An incredible opportunity for both multi-generational families and investors alike, this property features not only a beautifully updated 2250sqft main residence but also two fully permitted ADUs. The first ADU is a spacious 2-bedroom, 2-bathroom unit and the second is a 1-bedroom, 1-bathroom JADU. The 2250sqft 4 bedroom 3 bath main residence has been completely renovated with top-of-the-line materials and craftsmanship. It features an open-concept living and dining area perfect for entertaining, a gourmet kitchen with premium appliances and custom cabinetry, spacious bedrooms with ample closet space, and luxurious bathrooms with designer fixtures. Additionally, it boasts dual primary bedrooms, each offering its own private retreat with en-suite bathrooms. At a sizable 1096sqft, the first ADU is a 2-bedroom and 2-bath unit designed for comfort and functionality, making it ideal for extended family or premium rate rental. It includes a modern kitchen, stylish bathrooms, and a private living space. At 464sqft, the second JADU is perfect for guests, in-laws, or as an additional premium rental unit. The ADUs are thoughtfully designed for independent living including laundry in each unit and all units are metered separately for water, electricity, and gas. Each unit also has its own unique address and separate entrance. Outside, enjoy the gorgeous remodeled pool and new patio with Trex decking complimenting the exquisite custom hardscape and clean artificial turf, perfect for relaxation and entertainment. You'll also find a fully finished storage room that can double as a pool house. There are too many upgrades to list them all! Highlights include a new roof, new patio cover, a remodeled pool, new panels, hardscape and artificial turf, tankless water heaters, mini split AC units, paid off solar and much much more! If you’re looking for a comfortable family home with additional income potential, or need additional space for multi-generational living, this is a rare opportunity to secure a gorgeous home for you and your extended family. Thoughtfully designed to ensure hassle free management and maximized returns. Do not miss out on this opportunity!

Details

Property type

Single Family Residence

Est. home value

$1,504,678

Lot size

0.2571 acres

Price per sq ft

$551

Year built

1940

Price History

09/10/2024
CRMLS

CRMLS #CV24102614

Price change
$2,099,000
-4.55%
08/06/2024
CRMLS

CRMLS #CV24102614

Price change
$2,199,000
-6.43%
06/20/2024
CRMLS

CRMLS #CV24102614

Pending
$2,350,000

Schools & Community

Neighborhood: 

Valley Glen

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,509,049
Asking price
$2,099,000
Closing costs (~8% of asking)
-$167,920
Est. remaining loan balance
-$422,031
Cash to seller
$1,509,049

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nmsi Inc

Loan start date

December 2022

Original loan amount

$430,000

Est. remaining balance

$422,031

Interest rate

6.92%

Loan type

New Conventional, 30 year

Seller

Alon Tzafar

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CLAW
$2,199,000
5 bd
|
5.5 ba
|
2,412 sq ft
|
House

5340 Teesdale Ave, Valley Village, CA 91607

CRMLS
$2,295,000
4 bd
|
3 ba
|
2,862 sq ft
|
House

13451 Albers St, Sherman Oaks, CA 91401

New
CLAW
$2,295,000
5 bd
|
4 ba
|
House

5453 Hazeltine Ave, Sherman Oaks, CA 91401

Status: Active

Tomo last checked: 09/28/2024 at 9:20 PM

Listing updated: 09/10/2024 at 1:09 PM

Listed by: Scott Winetsky, RE/MAX CHAMPIONS Phone #: (909) 949-0605

MLS: CRMLS #CV24102614

CRMLS logo

Recently listed in Van Nuys

$1,399,000|3 bd|2.0 ba|House
$1,145,000|4 bd|3.0 ba|House
$879,000|3 bd|1.5 ba|House
$945,000|3 bd|2.0 ba|House
$1,395,000|3 bd|2.0 ba|House
$1,100,000|2 bd|1.0 ba|House
$1,800,000|5 bd|4.0 ba|House
$949,000|3 bd|2.0 ba|House
$1,269,000|3 bd|3.0 ba|House